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Palomino director Ogawa reports 6.9% ownership

(High)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Palomino Laboratories Inc. (symbol PALX) discloses updated beneficial ownership information for director and Secretary Richard Ogawa in this amended Schedule 13D. Ogawa now beneficially owns 1,882,500 shares of Palomino common stock, representing 6.9% of the class, including 125,000 shares issuable upon exercise of a warrant.

The amendment reflects a prior Share Exchange Agreement and Plan of Reorganization under which stockholders of Vega Links, Inc. exchanged 11,180,000 VLI shares for 4,472,000 Palomino shares; Ogawa received 120,000 Palomino shares in exchange for 300,000 VLI shares. The consideration shares are subject to a vesting schedule under his existing stock purchase agreement, and he reports no other Palomino share transactions in the past 60 days.

Positive

  • None.

Negative

  • None.

Filing Explained

The amendment says Richard Ogawa, Palomino’s secretary and a director, has no present plans or proposals for the listed corporate actions beyond the share exchange, while reserving the right to develop them or take those actions; it discloses potential influence, not a stated new plan.

Beneficial ownership shares 1,882,500 shares Shares of Palomino common stock beneficially owned by Richard Ogawa as of Amendment No. 1
Beneficial ownership percentage 6.9% Percent of Palomino common stock class represented by Ogawa’s beneficial ownership
Warrant shares 125,000 shares Palomino common shares issuable upon exercise of a warrant held by Richard Ogawa
Consideration Shares received 120,000 shares Palomino shares received by Ogawa in exchange for his VLI shares under the Share Exchange Agreement
VLI shares exchanged by Ogawa 300,000 shares Vega Links, Inc. shares exchanged by Ogawa for Palomino Consideration Shares
VLI shares exchanged (total) 11,180,000 shares Total VLI common shares exchanged by all VLI stockholders for Palomino shares
Palomino shares issued in exchange 4,472,000 shares Palomino common shares issued to VLI stockholders under the Share Exchange Agreement
Date of Share Exchange Agreement July 31, 2026 Date of the Share Exchange Agreement and Plan of Reorganization among Palomino, VLI and the stockholders
Share Exchange Agreement and Plan of Reorganization regulatory
"pursuant to the terms of a Share Exchange Agreement and Plan of Reorganization"
beneficially owns financial
"the Reporting Person beneficially owns 1,882,500.00 shares of Palomino"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
Consideration Shares financial
"received 120,000 shares of the Issuer (the "Consideration Shares")"
vesting financial
"The Consideration Shares held by the Reporting Person are subject to vesting"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
warrant financial
"125,000 shares of Palomino Common Stock are issuable upon exercise of a warrant"
A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

FAQ

What percentage of Palomino Laboratories Inc. (PALX) does Richard Ogawa currently beneficially own?

As of this amendment, Richard Ogawa beneficially owns 1,882,500 shares of Palomino common stock, representing 6.9% of the outstanding class, with all of these shares reported as having sole voting and dispositive power.

How many PALX shares held by Richard Ogawa are tied to warrants?

Out of the 1,882,500 Palomino shares beneficially owned by Richard Ogawa, 125,000 shares are issuable upon exercise of a warrant held by him. The remaining shares are not described as warrant-based in this disclosure.

What were the overall terms of the share exchange involving Palomino Laboratories Inc. (PALX)?

Stockholders of Vega Links, Inc. exchanged 11,180,000 shares of VLI common stock for 4,472,000 shares of Palomino common stock under a Share Exchange Agreement and Plan of Reorganization dated July 31, 2026.

Are Richard Ogawa’s Palomino (PALX) consideration shares subject to vesting?

Yes. The filing states that the Consideration Shares held by Richard Ogawa are subject to a vesting schedule in accordance with his existing stock purchase agreement executed with Vega Links, Inc.

Has Richard Ogawa traded PALX shares in the last 60 days?

No. The filing specifies that there have been no other transactions in shares of Palomino common stock effected by Richard Ogawa during the past 60 days.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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909233108

(CUSIP Number)
Richard Ogawa
C/O 130 Castilian Drive, Suite 102,
Goleta, CA, 93117
704-756-2981

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
07/31/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D






SCHEDULE 13D


Richard Ogawa
Signature:/s/ Richard Ogawa
Name/Title:Richard Ogawa
Date:08/21/2026